Shares of Aditya Birla Sun Life AMC Ltd. fell as much as 7% on Wednesday, October 21, only to stage a sharp recovery after its September quarter results.
The asset manager reported a net profit of ₹221 crore, which is a drop of 28.6% from the previous quarter, and is in-line with the poll expectation of ₹219 crore.
Revenue for the quarter stood at ₹483.81 crore, which is a growth of 4.5% on a sequential basis, and also in-line with the ₹475 crore figure that the street was expecting.
Operating profit margin for the quarter stood at 55.4% from 55.6% during the previous quarter, impacted by higher employee expenses, which increased by 8.5% from the June quarter.
Other income saw a drop of nearly 74% from the previous quarter, while operating profit growth stood at 4% sequentially.
The company’s Quarterly Average Assets Under Management (QAAUM) grew by 3.3% from the previous quarter to ₹4.42 lakh crore, lower than the industry growth of 5%.
Mutual Fund market share also declined another 10 basis points to 5.7% at the end of the quarter.
Equity AUM increased by 5.3% with its market share dropping another 5 basis points to 3.9%. Equity as a percentage of total MF AUM increased by 90 basis points to 47.4%.
A standout feature during the quarter was new SIP registrations increasing from 5.47 lakh to 7.05 lakh sequentially, but the SIP contribution remains well below the highs of the fourth quarter of financial year 2026.
Shares of Aditya Birla Sun Life AMC are trading 1.6% lower now at ₹943.4. The stock has declined 8% in the last one month, trimming its year-to-date gains down to just 12.4%.